Does D&O Cover Former Directors?

A former director’s protection generally concerns acts while serving in an insured capacity; it does not automatically cover new work after leaving the board.

Side A or B may apply to covered individual claims, while any Side C payment is for the organization under its grant. Claims-made continuity, prior-notice exclusions, and run-off or extended reporting terms are important after resignation, sale, or nonrenewal. Check whether the person remains an insured for past service, the policy’s retroactive date, who must report a claim, and whether a transaction changed the policy period. The actual renewal and endorsements control.